Compute the standard cost per finished unit for the normal or expected standards and for the ideal standards. Explain how both normal and ideal standards would be used by managers.

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Normal or Expected Standards Direct materials quantity per unit . . . . .. . . 2.4 lbs. per unit Direct materials price per pound $10 per lb. Direct labor hours per unit._. .. . . . .. . . . . . . 4 Direct labor rate per hour . . . . . . $17 per hour 2 lbs. per unit $9.50 per lb. 3.5 hours per unit $16 per hour hours per unit